VeChain stated today on X that Bybit’s recent allegation of a “hidden freeze” function in its network is false, clarifying that the referenced 2019 blocklist was never intended as a secret kill switch. The message was published through VeChain’s official account.
— VeChain (@vechainofficial) November 12, 2025
According to VeChain, the blocklist referenced by Bybit was part of a legacy mechanism created years ago to support authority nodes during the chain’s early stages. The foundation emphasized that it was publicly known at the time and had no capability to freeze user funds or halt exchange operations. Bybit’s claim suggested the feature could have affected asset movements, but VeChain’s response asserts that the exchange misunderstood the purpose of the list. The dispute has drawn attention among community members who worry about transparency between blockchains and trading platforms.
VeChain noted that it has long since replaced the old blocklist structure with updated governance and security frameworks, urging exchanges to verify technical details before issuing public accusations. The foundation added that it is open to further discussion with Bybit to prevent similar misunderstandings. Market observers now wait to see whether Bybit will issue a follow-up clarification.
Source: VeChain on X
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